| Good Funds Policy
In order to protect all participants in the purchase/mortgage transaction, Mattingly-Ford Title Services, LLC strictly adheres to the following Good Funds Policy:
1. We must have collected funds in escrow prior to disbursing proceeds at the closing table.
Forms of payment that qualify as collected funds:
- Completed wire transfer (notification of verification number does not satisfy criteria.
- Cashier checks
- Money orders
- A personal check in the amount of $1,000.00 or less may be used.
- Mattingly-Ford reserves the right to refuse or accept a personal check for any amount.
2.If the transaction is funded with lender or investor check or wire transfer, Mattingly-Ford will distribute proceeds from one of our escrow accounts by either check or wire. If a wire is requested, Mattingly-Ford must have written and signed instructions requesting a wire.
3. We realize that our Good Funds Policy may cause some transactions to be delayed or closed “dry.” We apologize for this inconvenience.
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